My May 2025 newsletter is out now.
It focuses on global trade, along with an assessment of this attempt to rebalance it, along with various investment implications of it.
https://www.lynalden.com/may-2025-newsletter/
Discussion
Quote from shareholder from today. @jack
$XYZ â âShow, donât tellâ
Hey @jack â thatâs your motto. Your philosophy.
Youâve shown us a lot.
Youâve shown that you are one of the greatest 0-to-1 founder of our time.
A true visionary. A technologist. A builder.
There will be dozens of books written about you â and rightly so.
Youâve also shown that youâre one of the GOATs in 1-to-10 entrepreneur.
In the history modern markets, only two (!) persons have founded two $10B+ companies from scratch:
#1 â Elon Musk, with Tesla and SpaceX
#2 â you @jack , with Twitter and Block
You will be in the history books.
But what youâve shown over the last 10 years is hard to ignore.
Youâve shown that you are a mediocre 10-to-100 executive.
I'm sorry, but thatâs the truth.
The chart says it all. Itâs the ultimate distillation of the performance of you and your handpicked executives.
The market is âshowingâ you. How long will you ignore it?
If this continues, your legacy will still be that of a visionary. But also of someone who held on too long. Blinded by conviction. Too stubborn to step aside.
The history books are filled with those, too.
Itâs time to pass the torch.
#GM #introduction #new #HI #
@moneyball @calle đď¸âĄđď¸ @LAUREL đ§đźââď¸ @primal @jack mallers
Can you elaborate about on this?
âIf we were running with a more equity-based system rather than a debt-based fiat system, then an ever-growing currency supply isnât necessary.â
I was thinking about your example from before when 500m are lent, and 200m need to come from somewhere to pay down the debt.
What happens in an equity based system if someone does lend? Where does the additional money that needs to exist come from? Cant wrap my mind around this somehow.
Debt would be a tiny fraction of equity and tiny fraction of base money in an equity-based system with finite money.
Interest to pay loans would come from the borrower's success at deploying that loan productively. In cases where they cannot pay back, they default. So lenders' interest basically comes indirectly from those who lent and got defaulted on.
In a debt-based system, debt levels are pretty high relative to equity, and extremely high relative to base money. Even a rather small default wave is a pretty big percentage of the monetary base, which is why they don't allow it for long and instead print more money.
lending as a zero sum game doesnât look sustainable. Bad lenders get separated from their money and vanish.
Thank you Lyn, great work as usual
Wow thatâs a lot of stocks in the M1 (or maybe thatâs typical), so did you buy small amounts in a lot of stocks right at the beginning? And does net cash flow include dividends and capital gains on stocks you sold?
I guess the security umbrella argument is valid for at most one side per conflict while the other side wonders why it should pay the USA for getting attacked by American weapons.
Also, bad timing with the âmineral dealâ and the geopolitical ambitions concerning Panama, Canada, Greenland. There are other nuclear powers that are more reliable.
Hey Lyn, can you fix your website's RSS feed? Last update is from Feb.
Seems to work now, thanks nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a!
What an interesting read!!!
I just got exposed to questions I didn't even know I have and got them answered too. Thanks, Lyn Alden!
This was such a good read!
nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzfmhxue69uhhqatjwpkx2urpvuhx2ucpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsswxj5g your video on Youtube summarizing Broken Money may have orange pilled my wife yesterday.
She loves how well you articulate this complex topic and said âthere is no fat in her presentation of the factsâ.
She wants a copy of your book and Iâm buying one right away!
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Great article, Lyn! Thanks for the detailed explanations. I've been wondering about your position on the reserve currency status and think I am missing still one piece of the puzzle.
The world needs dollars - ok.
But why can this demand not be filled by printing dollars and buying gold or other assets instead of buying depreciating goods and services? It could counterbalance dollar overvaluation and keep the industrial base competitive.
From my perspective, the root cause of the socio-economic problems is not the trade deficit but the fractional reserve banking and the Cantillon effect, i.e. who profits from the newly created dollars.